Tactics to manage two businesses simultaneously

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Tactics To Manage Two Businesses
Simultaneously
Shawn Sharma
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Being an entrepreneur, it can be difficult to run
numerous businesses because you need to be more
focused. Shawn Sharma who is the CEO of multiple
companies provides some tips that can help
newbies to execute several businesses at the same
time.

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Lighten the workload for your second venture.
This entails abandoning the idea of operating as
a lone entrepreneur and teaming up with one or
two capable business partners. You can lessen the
physical, time, and mental obligations you must
individually bear by sharing the needs of the
second firm with other proprietors.
Select a schedule.
Work will occupy any available space. If you
could work more than five hours a day, I'd be
amazed. Output, not hours, is what counts in
knowledge labor. Numerous studies support the
idea that real creative and intellectual work
shouldn't be done for longer than 45 hours each
day. Although it's not as high, you can work a
little bit more on administrative tasks, etc.
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Be Mindful and prioritize tasks
You cannot passively approach time management. It
must be a deliberate decision. Do what needs to
be done, and the rest will wait. You will find a
way to fill a 16-hour workday if you allow
yourself that much time.
Select the best team.
The longer I run numerous businesses and the
older I grow, the more I realize that hiring and
compensating for highly competent staff is
preferable- Shawn Sharma. Previously, I
discovered that employing less competent,
lower-paid workers necessitated a more hands-on
management style, causing me to spend an
excessive amount of time working on my business
rather than on it.
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Store your documents online.
I have three offices my main office, the car
dealership, and my home office. On any given day,
I typically need to access files for more than
one company. As a result, I decide to store my
data in the cloud, and I use the same software
package on all three of my desktop PCs to access
those files. Additionally, I have that program
set up on my laptop so I can view work documents
while I'm on the go.
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